Arrowhead Trends .com

 Everything you want to know about Arrowhead  Real Estate

VIDEO TOUR of Lake Arrowhead


Bob & Patsy live here, selling  since 1989

Sales.declined.for.three.years.allowing.Inventory.to.grow.to.a.competitive.448.homes
6 Months in Arrowhead
Comparing 08 vs 07
  2008 AW LF 8 Comm
Listed 433 34 187
Price Red 277 16 143
Sold 115 6 45
2007 SOLD 169 13 75
   INVENTORY: Growing selection of home choices.
ATTN: BUYERS
   by Bob and Patsy Bailey

LAKE ARROWHEAD  

WHERE MEMORIES ARE MADE  

..   800/ 987-9320      gurubob@earthlink.net 

Inventory is rising well beyond the sales in Arrowhead Woods, Lakefronts and the 8 Communities around Lake Arrowhead.  Price reductions are coming fast and heavy. UNFORTUNATELY, the Consumer Confidence Index has hit a record low. If you took a thirty year chart of Arrowhead sales and matched it to 30 years of Consumer Confidence -- it is nearly a match. Our sales are driven by the affluent, purchasing a second home in the mountains. Buyers are collectively 'sitting on fence' waiting for...       ?

Price reductions, 53 this week, come from sellers inching down to improve their sales position to meet diminished demand. Buyers may find their dream.

48 HOMES LISTED
Arrowhead Woods
 and
Lakefront listings.

    8 HOMES SOLD               Arrowhead Woods and Lakefront sales: Full details on each sale.      53 PRICE REDUCTIONS
 Where the deals are; amount reduced, all the details; from start to now.
ARROWHEAD TRENDS
a
 newsletter of future-think.
ARROWHEAD WOODS & LAKEFRONTS + 8 AREA COMMUNITIES June 25 to July 1, 2008
 LOCAL WEATHER- NOW
H
our by Hour
Lake Arrowhead Village Concerts, Dining, Events Rim of the World ALERTS, Traffic, incidents, local news &, blogs. EVERY HOME SOLD in 2007 All the details in street sequence
MONTHLY WEATHER
Average  temp./ rain / snow
Chamber of Commerce Journal   ARROWHEAD MAP

Few issues in life are more important these days than the economic outlook for housing.
Primary and vacation homes comprises about one third of our individual wealth. In Southern California home prices have fallen about 30% from their peak. Pretty scary. Lake Arrowhead, as noted below, has home price reductions totaling less than seven percent from the peak in 2006, a testament to the unique stability of this resort home market. There are a lot of folks sitting on the fence wondering about the lowest Consumer Confidence Index in forty years. Lake Arrowhead is not now, nor ever been a powerhouse of growth, wealth building, nor a great speculative investment. Our homeowners have committed to an alternate lifestyle for their family, children and grandchildren, health, relationships -- and all within an hour or two of home. More than two thirds of Arrowhead Woods are vacation homes, fitting this profile. If I have described a personal goal, a needed lifestyle change, call us with your questions about prices, interest rates and how long it takes to have your own getaway from it all.  800/987-9320.

ARROWHEAD, the resort. Prices remain relatively stable, neither rising or falling much.
The reason is the buy / sell mantra of 'I don't have to buy...'    'I don't have to sell...'  =  sales drop sharply, prices moderate.
 
The MEDIAN PRICE FOR 5.5 MONTHS OF 2008 is $450,000; a decline of 4.4% from 2007 or 6.3% since 2006 when Arrowhead Woods median price peaked at $480,000. The chart below is a sharp contrast to the huge rise in Southern California home prices in the past five years, and now the sharp decline. Arrowhead Woods prices have never risen as high, not fallen as low as the peak and valley of Los Angeles and Orange County. Typically we are 25% below their peak and 25% above the plummets of Southern California home prices. 
MODERATION IN ARROWHEAD...

If you keep your mountain home for 3 and more years, the value is likely to climb as it has for the past nineteen years along with the inexorable trend of the California's population growth, affluence and need for nearby vacation fun. It there is any challenge it may be homes purchased in 2006 and 2007. But look down the chart to the mid-1990s recession, when sale prices went down - modestly -  compared to a 30+% decline in Southern California during the mid-1990s. We're here for the joy of an affluent lifestyle, where God has blessed owners with the income to have a second home, provide heartfelt care for our family and selves and more than anything, peace of mind. It is not flippant to realize that we are truly a mile closer to heaven, in an island of tranquility, in prices as well as lifestyle. 

                       PAGE TWO:  Additional news and past market comments                                     

OUR MISSION:  We are real estate investment counselors - for buying or selling Arrowhead resort homes. We provide value expertise. Our personal service and joy is to define the value and enhance the long term value of each home. We help clients buy and sell to achieve their goals and answer questions from all who ask. We do not publish nor 'tout' our own listings. Our listings are on www.Realtor.com/LakeArrowhead as is every listing in all our communities. This WEB site is a labor of love.       Bob & Patsy Bailey

 

If you are thinking about the value of any mountain home, call Bob. His expertise is listing, pricing, negotiating and tracking the market. Patsy knows every home, tours every new listing weekly.    She can find a home to fit your goal.

The joy of Lake Arrowhead is our unique lifestyle.  We have homes in every price range, from a get-away to a castle. Call 800/987-9320 for Bob and 800/987-9328 for Patsy, for everything you want to know about homes in Lake Arrowhead. We appreciate your feedback on our web site and analysis. Frequent readers know how often we change the features of our web site. Your input can have an impact. Thanks, Bob & Patsy